- Companies
- NASN Automotive Electronics
NASN Automotive Electronics Valuation, Funding & Investors
NASN Automotive Electronics is valued at $400M as of December 2022.
Last NASN Automotive Electronics valuation
$400M
Series C · Dec 2022
Last NASN Automotive Electronics funding round
$69M
Series D · Dec 2024
Cumulative funding NASN Automotive Electronics raised
$234M
across 5 funding rounds
Key investors in NASN Automotive Electronics
Qiming Venture Partners
GP Capital
Matrix Partners China
Hillhouse Investment
GL Ventures LLC
SDIC Fund Management
About NASN Automotive Electronics
NASN Automotive Electronics is a Chinese auto technology company, founded in 2016 and based in Shanghai, that researches, manufactures, and sells chassis electronic control components for new energy vehicles and intelligent driving. Its products include the NBooster smart brake system, an electronic stability control (ESC) system, the NBC integrated brake system, EPS smart steering, and drive-by-wire chassis solutions for L3/L4 autonomous vehicles. The company mass-produced its first NBooster product in China in 2018, ahead of foreign competitors, and supplies automakers including BAIC New Energy, BYD, Changan, and Great Wall Motors in a chassis control market otherwise dominated by Bosch.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales, Subscription
Valuation
$400M (Dec 2022)
NASN Automotive Electronics Valuation
NASN Automotive Electronics is currently valued at $400M, based on its Series C in December 2022.
NASN Automotive Electronics valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2022 | Series C | $400M |
NASN Automotive Electronics Funding History
NASN Automotive Electronics has raised a total of $234M across 5 funding rounds.
NASN Automotive Electronics' first fundraising round was a $15M Series A in October 2018. The most recent completed round was a $69M Series D in December 2024.
NASN Automotive Electronics funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2024 | Series D | SDIC Fund Management (lead); SDIC Juli (lead); Yunhao Capital | $69M | - | NASN Automotive Electronics (NASN) is a Chinese auto tech company founded in 2016, specializing in R&D, production, and sales of chassis electronic control components for new energy vehicles and intelligent driving, including NBooster smart brake system, ESC, NBC integrated brake system, EPS smart steering, and L3/L4 chassis drive-by-wire solutions. In December 2021, it completed a C-round financing of 500 million yuan (~$78.47 million) led by BOCG Investment, GL Ventures, CATL, and CMG-SDIC Capital, with plans to strengthen product development, production expansion, and customer service. The company has partnerships with major automakers like BAIC New Energy, BYD, Changan, and Great Wall Motors, claiming abundant orders and early mass production of NBooster in 2018 ahead of foreign competitors. Proceeds were allocated to enhancing production lines, developing next-generation chassis technologies, and expanding industry footprint. NASN positions itself in the chassis control market dominated by Bosch (~70% share), capitalizing on China's growth in new energy vehicles and automated driving. |
| Dec 2022 | Series C | - | $13M | $400M | NASN Automotive Electronics is a Shanghai-based manufacturer of chassis electronic control components, focusing on R&D, production, and sales of core technologies for automotive chassis, intelligent driving, and new energy vehicles. Its core products include the NBooster smart brake system, ESC electronic stability control system, NBC integrated smart brake system, EPS smart steering system, and automated driving L3/L4 level chassis drive-by-wire solutions. The company mass-produced its first NBooster product in China in 2018 and has partnerships with leading automakers such as BAIC New Energy, BYD, Changan Automobile, Great Wall Motors, Ford, and GAC New Energy. In December 2021, NASN completed a C-round financing of CNY 500 million (USD 78.47 million), led by CATL, BOCG Investment (BOCGI), GL Ventures, and CMG-SDIC Capital. The funds are designated for new product development, production investment, customer service, R&D, industrialization of drive-by-wire chassis products, market expansion, and brand enhancement. A prior financing round raised CNY 500 million, valuing the company at nearly CNY 1.5 billion (USD 234.75 million). NASN competes in a market dominated by Bosch (70% share in chassis control) and other foreign Tier 1 suppliers, but benefits from China's growth in new energy vehicles and automated driving. The company aims for a Star Market IPO in two to three years and launched brake-by-wire, steering-by-wire, and chassis controller NXU solutions for L3/L4 self-driving vehicles. |
| Dec 2021 | Series C | GL Ventures LLC (lead); Hillhouse Investment (lead); SDIC Capital; CATL; Bank of China Group Investment | $79M | - | NASN Automotive Electronics is a manufacturer of chassis electronic control components founded in 2016, focusing on R&D of core technologies related to automotive chassis, intelligent driving, and new energy vehicles. The company integrates R&D, production, and sales operations. Its core products include the NBooster smart brake system, ESC electronic stability control system, NBC integrated smart brake system, EPS smart steering system, and automated driving L3/L4 level chassis driven-by-wire solutions. In 2018, NASN mass-produced its first NBooster product in China, achieving market entry earlier than foreign competitors. The company closed a Series C funding round on December 22, 2021, raising 500 million yuan ($78.47 million) jointly invested by BOCG Investment, GL Ventures, CATL, and CMG-SDIC Capital. Founder Tao Zhe revealed that the company had reached agreements with leading automakers including BAIC New Energy, BYD, Changan Automobile, and Great Wall Motors, with abundant orders and accelerating expansion of manufacturing bases. Following the financing round, NASN planned to work with partners to strengthen new product development, production investment, and customer service. Operating in a market dominated by Bosch with approximately 70% market share, NASN is positioned as a domestic competitor capturing opportunities created by rapid development of new energy vehicles and automated driving in China. |
| Jan 2019 | Series B | Matrix Partners China (lead); Qiming Venture Partners (lead); GP Capital; Maison Capital; Shang Finance | $59M | - | - |
| Oct 2018 | Series A | GP Capital (lead); Qiming Venture Partners (lead) | $15M | - | - |
Who has invested in NASN Automotive Electronics?
13 investors have backed NASN Automotive Electronics across its funding rounds, including Qiming Venture Partners, GP Capital, Matrix Partners China, Hillhouse Investment, GL Ventures LLC and SDIC Fund Management.
Lead investors include SDIC Fund Management, SDIC Juli, GL Ventures LLC, Hillhouse Investment, Matrix Partners China and 2 other investors.
NASN Automotive Electronics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Oct 2018 | ||
| 2 | Lead | Oct 2018 | ||
| 1 | Participant | Dec 2024 | ||
| 1 | Lead | Jan 2019 | ||
| 1 | Lead | Dec 2024 | ||
| 1 | Lead | Dec 2024 | ||
| 1 | Lead | Dec 2021 | ||
| 1 | Participant | Jan 2019 | ||
| 1 | Lead | Dec 2021 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Dec 2021 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialNASN Automotive Electronics Competitors
NASN Automotive Electronics competitors include listed companies like Aeva and Arbe Robotics, and private ones like MAXIEYE, Motovis, Nebula Link and Luminar.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $447M | - | ||
| Private | - | - | $315M | - | ||
| Private | - | - | $261M | - | ||
| Private | $13M | - | $900M | 69.2x | ||
| Publicly listed | $18M | ($139M) | $1.1B | 35.6x | ||
| Publicly listed | $1M | ($48M) | $86M | 22.0x |
NASN Automotive Electronics Public Comps
NASN Automotive Electronics is still privately-owned, but its public comps include DSC Holdings, Serve Robotics, Cerence, SaverOne, Swarmer, Volatus Aerospace, People & Technology, Altınay Savunma, Palladyne AI and Broadleaf.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $101M | ($10M) | 3.3x | - | (34.3x) | - | |||
| $3M | ($104M) | 55.5x | 19.3x | (1.4x) | (1.0x) | |||
| $252M | $8M | 1.7x | 1.4x | 52.9x | 6.2x | |||
| $335K | ($9M) | 1041.3x | - | (37.0x) | - | |||
| $310K | ($8M) | 1023.2x | 101.7x | (37.3x) | (29.1x) | |||
| $25M | ($8M) | 12.5x | 11.1x | (37.6x) | (38.6x) | |||
| $542M | $77M | 1.2x | 1.2x | 8.8x | 11.5x | |||
| $65M | $9M | 5.6x | - | 38.3x | - | |||
This data is available for Pro users. Sign up to see all NASN Automotive Electronics competitors and their valuation data. Start Free Trial | ||||||||
Common questions about NASN Automotive Electronics
| When was NASN Automotive Electronics founded? | NASN Automotive Electronics was founded in 2016. |
| Where is NASN Automotive Electronics headquartered? | NASN Automotive Electronics is headquartered in China. |
| Is NASN Automotive Electronics publicly listed? | No, NASN Automotive Electronics is a private, VC-backed company. |
| What is NASN Automotive Electronics' valuation? | NASN Automotive Electronics was last valued at $400M in its Series C in December 2022. |
| How much funding has NASN Automotive Electronics raised? | NASN Automotive Electronics has raised $234M across 5 funding rounds. |
| What was NASN Automotive Electronics' last funding round? | NASN Automotive Electronics' last funding round was a $69M Series D in December 2024, led by SDIC Fund Management and SDIC Juli. |
| Who are NASN Automotive Electronics' investors? | NASN Automotive Electronics' investors include GP Capital, Qiming Venture Partners, Yunhao Capital, Matrix Partners China, SDIC Fund Management, SDIC Juli, GL Ventures LLC, Maison Capital, Hillhouse Investment, SDIC Capital and 3 others. |
| Which companies are comparable to NASN Automotive Electronics? | Companies comparable to NASN Automotive Electronics include MAXIEYE, Motovis, Nebula Link, Luminar, Aeva and Arbe Robotics. |
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